Puttshack announces $60m in growth capital
Puttshack, an upscale tech-infused mini golf experience founded by the founders of Topgolf, World Golf Systems and All Star Lanes, has announced it has completed a growth capital round of $60 million led by Promethean Investments. The funds will continue to support the company’s booming growth, bringing this one-of-a-kind experience to more cities in the US, UK and around the world.
Joining its three current UK venues, Puttshack successfully opened its first US location in Atlanta last month, with plans to open Oak Brook, Ill., in Fall 2021, and Miami soon after. The team also recently signed a lease in Nashville’s The Gulch neighborhood at the site of the old Gibson Guitar factory and is expected to announce multiple new U.S. locations soon that plan to open in 2022. This latest round of funding will allow the team to continue securing unique and desirable real estate opportunities as it expands into more top markets.
“We are thrilled to continue our partnership with Promethean and others as we look to continue our growth in the U.S., UK and beyond,” said Logan Powell, CFO of Puttshack. “Despite the challenges in our industry throughout 2020, we are poised for growth and are excited to bring our tech-infused, patented mini golf offering to more locations and guests. This capital will allow us to continue the vision of our founders, and we are grateful for the continued support of all our investors.”
Puttshack is an innovative, competitive mini golf game with uniquely themed holes is powered by the brand’s patented Trackaball technology that keeps score for you as you play. The game play is matched by a globally inspired dining menu, made in-house and of the highest quality, that is complimented by a full cocktail bar and an all-around upscale, cool experience. Puttshack is open and inviting for everyone during the day and then evolves into a 21+ nightclub vibe in the evening, making it accessible and fun for all throughout the day.